Since the economic meltdown of 2008, several San Diego banks have been swallowed by rivals. AmericanWest Bank of Spokane purchased Security Business Bank, Bank of Escondido, Point Loma Community Bank and Sunrise Bank. Regents Bank gobbled up California Community Bank, and Coronado First Bank merged with Embarcadero Bank and San Diego Private Bank.

When the San Diego Trust deal is complete, Pacific Premier will have $1.7 billion in assets and $1.4 billion in loans.

Perry will leave the bank after the transaction. San Diego Trust’s Chief Operating Officer, Toby Reschan, will become senior vice president for Pacific Premier in the San Diego region.